Jan. 7, 2015
All Metals Acquired by New Investment Firm
Toll processing specialist All Metals Transportation and Logistics has been acquired by Logic Ventures LLC. All Metals operates facilities in Spartanburg, S.C., and Cartersville, Ga., processing carbon and stainless steel and aluminum flat-rolled products.
The acquisition is a result of the longstanding relationship between Logic Ventures and Harry Simon, the previous owner and CEO of All Metals. Simon is retiring from the company and will be replaced as CEO by Jason Sippey.
“There is a lot said about the importance of buying great companies, and that is exactly what we have done. All Metals is a great company, with a great legacy and great people. We are thrilled to have All Metals as our first strategic acquisition in the toll processing and service arena. We look forward to working with the All Metals team on expansion and growth opportunities,” Sippey says.
Logic Ventures is a strategic investment company that combines the experience of long-time industry executives Roger Sippey and Sergei Kuznetsov and the entrepreneurial background of Jason Sippey. Logic Ventures has a long-term investment horizon targeting companies and greenfield opportunities in metals processing and logistics that offer potential for growth through superior customer service, operational improvements, active management involvement, capital, and longstanding industry relationships, the company claims.